Private Payrolls Below Expectations, GOOGL Goal to Reenergize AI Trade
Schwab Network · Schwab Network
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Show Notes
22,000 private payrolls added in January fell below estimates for 45,000, per the ADP employment report. Kevin Hincks says it continues the "no hire, no fire" narrative cast over markets in recent months. As for the tech trade, he points to Alphabet (GOOGL) as a potential catalyst following Tuesday's stark sell-off in software stocks.
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